consortium
//kənˈsɔːr.ti.əm//
Noun
consortiumSingular
consortiaPlural
1
An association or combination of businesses, financial institutions, or other organizations formed to undertake a joint venture or project that would be beyond the resources of a single member.
A consortium of international banks provided the funding for the infrastructure project.
2
A group of individuals, companies, or governments that cooperate to achieve a common goal or purpose.
Several technology companies formed a consortium to develop new industry standards.
3
The legal right of a spouse to the company, affection, and assistance of their partner.
The plaintiff filed a claim for loss of consortium after the accident left her husband permanently disabled.